TIME TO BUY - SPIRE CREDIT UNION
SPIRE is committed to making your mortgage experience enjoyable and efficient so you can make your dream home a reality.
Conventional Loan Options
Your mortgage loan stays local as SPIRE services each of these loans. Find the right loan for you with our full range of mortgage loan options. As a rule of thumb, the longer term you select, the higher the interest rate, but the lower the payment. You will end up paying more in interest over the life of the loan with a 30-year term vs. a 15-year term. However, you can pay your mortgage off at any time with NO pre-payment penalties.
Government loans are insured or guaranteed by the Federal government. These loans are serviced by our partner, Servion.
Refinance Your Current Mortgage
Only Pay up to $500 in Closing Costs+
Available on fixed and Adjustable Rate loans listed below.
If you’ve been in your home a while, interest rates may be much lower now. When you refinance to lower your interest rate, your monthly payment will also be lower, saving you money over the life of your loan. Some refinance to take “cash out.” This would be an option if you have built equity in your current home and you would like to use that equity to make home improvements, consolidate debt or for anything you wish. Based on the amount of equity your home, the closing costs may be rolled into your loan.
+APR = Annual Percentage Rate. Monthly Principal & interest payment based on loan amount of $175,000 and $548,250 for jumbo loans. SPIRE does escrow for taxes and insurance. Payment estimates do not include taxes and insurance; actual payments may be higher. Minimum Loan amount is $15,000 and Maximum loan amount is $750,000. A minimum of $10,000 must be new money at SPIRE. Property must be the primary or secondary residence and property insurance is required. Residential properties only located in MN or WI. Change in fee ownership, commercial, agriculture and large acreage properties excluded from offer. SPIRE member responsible to pay $500 toward closing costs, which includes the cost of the required appraisal. If the loan does not close, the cost of the appraisal will not be refunded. SPIRE will pay closing costs in excess of $500.00 and does not include the fee for a potential subordination agreement. Offer subject to termination at any time. Rates and terms are subject to qualification and may change at any time. Adjustable Rate Mortgages (ARM) loans have a variable rate therefore the APR may increase after consummation. Borrower must meet membership requirements to qualify. Other restrictions may apply. See your tax advisor for details regarding interest deductibility.
6Limited to 3 properties per owner. Property must be an investment property located in MN. SPIRE member responsible to pay $1,000 toward closing costs, which includes the cost of the required appraisal. If the loan does not close, the cost of the appraisal will not be refunded. SPIRE will pay closing costs in excess of $1,000. Offer subject to termination at any time. Rates and terms are subject to qualification and may change at any time. Borrower must meet membership requirements to qualify. Other restrictions may apply. See your tax advisor for details regarding interest deductibility.
This Hot Deal is promoted by Woodbury Area Chamber of Commerce.